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20110720
20110720
Search Results 0 to 14 of about 15 (some duplicates have been removed)
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
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have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but it's not eve
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
. we saw this yesterday ahead of the briefing. pushing support for this gang of six plan and it's a big one, kiran. that would include $500 billion in immediate cuts and there would be tax increases approximately to the tune of $1 trillion and it would tackle intij entitlement reform. you're saying doesn't it sound like the grand bargain that president obama was pursuing with speak boehner and was a no-go on the impasse on tax increases? exactly right. this is a big plan and there is something in this plan, i think, for everyone to hate. for republicans insisting no tax increases even on the wealthy and for democrats who are very concerned about medicare cuts, even though the program solvency is threatened. >> brianna keilar, we are watching every single second of this debt deal of the negotiations. we will be talking a lot more in the next couple of hours, next couple of days. >>> minnesota congresswoman michele bachmann getting more attention on the campaign trail. another poll showing she is making inroads with gop voters? >> reporter: she sure is what the polls indicate. yesterday s
to put things in perspective, the federal government's twice as big as it was ten years ago. right now. twice as big. so everybody out there that's having to live within a budget, making the hard choices in our economy today, know that if you've grown something twice in ten years, you obviously can make some significant cuts in it without having any negative effect. >> senator coburn, let's talk about your role in the gang of six. is it correct, i mean, you bolted from the group. it was widely reported a couple of months ago. returned recently when the gang agreed to cut an additional 100-plus billion dollars from entitlement health care programs. and are you rock solid behind this new plan? >> you know, i'm rock solid behind my plan. my plan isn't going to happen. so i'm rock solid behind the plan that gets us on the way and this one does. >> your plan being the $9 trillion? >> yeah. >> the whole thing, it appears to be dependent upon rewriting the tax code. so how do we do that? how do we make all these other changes? how do we avert this, you no kn potential default in 13 days and h
ticking down to the compromise. that's a big question leading into tomorrow, and the answer is they need democrats here. >> if you think at home this is washington gobble degook it matters to you, could be higher interest rates, your mortgage, other things. hope to see you tomorrow night. hope to see you tomorrow night. "in the arena" starts right now. -- captions by vitac -- www.vitac.com >>> good evening, welcome to the program. i'm don lemon. our top story, a day of dramatic confrontation in the murdoch scandal. british lawmakers grilled rupert murdoch and his son james for hours and hearing televised all over the world. murdoch's media empire has been rocked by accusations of police payoffs, phone hacking and corruption at his british newspapers. and troughout the hearing, all of the charges kept coming back to one central question. take a listen. >> do you accept that ultimately, you are responsible for this whole fiasco? >> no. >> you are not responsible? who is responsible? >> the people that i trusted to run -- and then maybe the people they trusted. >> the murdochs
into phone hacks and bribes to the police. >>> some of the other big stories we're keeping an eye on. we are learning president obama plans to meet with house and senate democratic leadership this afternoon at the white house. 2:50 p.m., to be exact. this all because we're less than two weeks away from the federal government defaulting on its obligations, and congress has yet to work out a deal. president obama's debt-cutting plan can't pass the house and the plan from house republicans can't pass the senate. house speaker john boehner reiterated tuesday that default is not in the cards. and also on tuesday, the so-called gang of six unveiled their plans. it was called, quote, more plan to have a plan. republicans are united against any tax increases, and democrats are against inentitlement reform. >>> american airlines is replacing its fleet with hundreds of new planes from boeings and airbuses. the new aircraft order will replace the fleet with more fuel efficient planes. it calls for 460 planes. boeing says the new planes are 5% more fuel efficient than older generations that were bui
content to -- when the "daily telegraph" broke a very big story about the abuses on mps' expenses and obtained this information by paying for it, paying for stolen documents, what he was trying to point out, he created a culture there to expose the establishment. and clearly what we saw today was the beginning of a process which needs to draw a line between exposing and making a democracy transparent which is good, and tampering with the law and doing illegal things and describing police, which is clearly very, very bad. but it was apparent that he wasn't -- >> let me bring in james fallows on that point. what was interesting watching it, i saw people observing the murdochs seemed to be a bit mumbling. this reminded me of the meetings i had with him 16 years ago. when he warmed up, he was the murdoch of old. i expect when he started, he was very conscious of not saying the wrong thing and that is why he was taking time to answer. what's interesting to me, he made it clear he didn't feel the buck stopped with him is that a position that's acceptable for a guy who is chairman and ce
but in the world of finance and business as well with his many, many endorsements. this was big, big news here today. china's stlal television has been broadcasting now for five hours live after this announcement that has really captured everyone's attention. yao ming, of course, went to the houston rockets in 2002 as a tall, gangly kid, has since emerged as one of the leading players in the nba, someone who has played for the nba all-star team, has also represented the chinese team at the olympics and world titles and so on. he was able to reflect today on that journey and took some time out for a special thanks to those people in the united states who helped him along the way. >> special thanks for my friends overseas, especially the fans in houston. i would like to thank you forgive me a great nine years during my nba career. nine years ago i come to houston as a young, tall, skinny player. an entire city and a team changed me to a grown man, not only a basketball player. >> he did that very comfortably in english as well, something he wasn't able to do when he first went to houston. it rea
of the big stories of the day. the debt talks. today's question -- what's the solution to the political stalemate in the kara costello has more. >> you're scratching your head over that one, aren't you? >> it's not an easy one. >> the never ending debt ceiling debate, you know the players, obama, canter, boehner, biden, the gang of six, the tea party. generally seeking you don't like them much, not necessarilily because republicans don't want to raise taxes or most democrats wants to protect entitlements but because they can't get it the together as in compromise and "let's make a deal" and americans are sick of it. according to an abc news "washington post" poll fully 80% of voters, 80%, are now dissatisfied or angry about the way the federal government is working. lawmakers are aware of how you feel. really, they are. what are they doing about it? calling each other names. democrats rolled out a video campaign citing reagan's long ago plea to raise the debt ceiling as an adult moment. >> the united states has a special responsibility to itself and the world to meet its obligations. it
't default and if we did it's not a big problem. they're wrong. you also have a big number of democrats and much larger number who say it doesn't matter if we spend the nation into bankruptcy. we won't go bankrupt. they're wrong. and that's even worse because there are more of them who believe that than the small number of republicans who are willing to countenance the fall. >> let me ask you something. >> let me be clear. these polls, can i just be clear about something? this is washington equivalent. polls are not equivalent. the public blames the congressional republicans much more than the president, all right? that's a fact that cannot be disputed. we should not get off with the facts are. it's not a pox on both the house. it's overwhelmingly the public blames the congressional republicans. >> james, as somebody who's made his living with polls you know as well as i do that there's not only one poll in town. there's a bunch of them. >> three of them. you can look at all three. [ overlapping speakers ] >> his numbers have been dropping. the president is not -- nobody's faring well i
Search Results 0 to 14 of about 15 (some duplicates have been removed)